Inchain Holds ICO for Decentralized Insurance Platform

Decentralized insurance platform Inchain launched its ICO on October 21, 2016, and will run it until November 24. The company has encouraged investors to participate in the ICO, calling it a “unique opportunity” to invest in a first-of-its-kind insurance solution for cryptocurrency service providers.

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Inchain: Decentralized, Ethereum-Powered Insurance

The company expects its decentralized to be welcomed by cryptocurrency platform operators and wallet providers, who have suffered numerous hacks over the years.

“Nobody is happy if there is a possibility that [their] funds can be stolen.” said Inchain cofounder Dmitri Lazarichev.

“There have been more than 40 hacks in the last years, every third exchange has got hacked according to different sources. This keeps the majority away from the blockchain and cryptocurrencies. We aim to solve this problem by…